Empire District Electric Co., founded in 1909 and based in Joplin, Missouri, is a utility company dedicated to providing reliable electric service to its customers across a significant portion of the southwestern Missouri region. The company offers a range of services, including electricity distribution, generation, and related energy products tailored to meet the needs of residential, commercial, and industrial clients.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| EDE 5.20% 2040-09-01 USDEmpire District Electric Co. | United States | 2040-09-01 | 5.200 | 5.50 |
| EDE 5.88% 2037-04-01 USDEmpire District Electric Co. | United States | 2037-04-01 | 5.875 | 5.22 |
| EDE 6.70% 2033-11-15 USDEmpire District Electric Co. | United States | 2033-11-15 | 6.700 | 5.32 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Empire District Electric has been active in the bond market since the early 1990s, with notable issuances aimed at financing infrastructure improvements and capital expenditures. In recent years, the company issued $200 million in bonds to support its modernization initiatives, featuring fixed interest rates that are competitive within the utility sector. Current yields on their bonds are aligned with industry averages, reflecting a stable credit profile. Additionally, in response to regulatory changes, the company has implemented various hedging strategies to mitigate interest rate risks on outstanding securities, ensuring long-term sustainability for investors.